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Ucore Rare Metals Inc.

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  • RapidSXâ„¢ commercialization milestones
  • Louisiana SMC engineering and deployment updates
  • U.S. and Canadian government funding developments
  • Strategic partner, feedstock, offtake, logistics, and magnet supply chain updates
  • Ucore news releases, investor materials, filings, and corporate updates
  • Monthly Rare Earth REECAP

Between the mine and the magnet, somebody has to separate them.

That step is separation. Outside China, very little of it happens at commercial scale. It is the step Ucore is building. 

Rare earths come out of the ground mixed together. Magnet manufacturers buy single, high-purity oxides. Converting one into the other is chemistry rather than mining, and it is the point where the Western supply chain thins out.

What RapidSXâ„¢ is

RapidSXâ„¢ applies established solvent extraction chemistry through a different equipment design, developed for faster processing and a smaller physical footprint.

Where it is going

Ucore’s first planned commercial RapidSXâ„¢ separation facility is the Strategic Metals Complex in Alexandria, Louisiana.

Most recent disclosed milestones

99.9%
Dysprosium oxide sample material produced for Japanese, South Korean and US customer qualification.
NdPr oxide

Produced, with qualification samples shipped to major rare earth magnet manufacturers.

US$4.6M

Additional funding from the U.S. Department of War to advance samarium and gadolinium refining.

Comparing rare earth companies? Here is the line Ucore sits on.

Most of the sector is working to prove a deposit. Ucore is not.
What most rare earth companies are working on
  • Proving a resource
  • Permitting and financing a mine
  • Eventually producing a mixed concentrate
What Ucore is working on
  • Taking mixed concentrate and separating it into single, high-purity oxides
  • Qualifying that output with magnet manufacturers
  • Delivering a commercial separation facility in Louisiana

Check it against the disclosures

That changes which risks apply. There is no orebody to prove and no mine to permit. The open questions are throughput, purity, customer qualification and facility delivery. Judge Ucore on those, not on grade and tonnage.

C$69 million bought deal public offering closed
Strategic collaboration with Sumitomo Corporation of Americas
US$4.6 million additional U.S. Department of War funding

New deposits keep being announced. The separation step is still the gap.

Greenland, Canada, Australia, the United States. Allied rare earth deposits are not the scarce part of this supply chain.

STEP ONE
A Deposit

Produces mixed concentrate. Several allied projects are advancing.

THE GAP
Separation

Allied capacity here is thin. This is what Ucore is building.

STEP THREE
A magnet plant

Buys single, high-purity oxides. It cannot use mixed concentrate.

A deposit that cannot reach a separation facility has no route to a magnet. Ucore is building that step at the Strategic Metals Complex in Alexandria, Louisiana, its first planned commercial RapidSXâ„¢ separation facility.

Which leads to:

Strategic collaboration with Sumitomo Corporation of Americas
NdPr oxide qualification samples shipped to magnet manufacturers
US$4.6 million added for samarium and gadolinium refining

Progress you can examine.

C$69 Million Financing

Ucore Announces Closing of Bought Deal Public Offering for Gross Proceeds of C$69 Million.

99.9% Dysprosium Oxide

Ucore Produces 99.9% Dysprosium Oxide Sample Material for Japanese, South Korean, and US Customer Qualifications

99.5%+ NdPr Oxide
Ucore Produces NdPr Oxide and Ships Qualification Samples to Major Rare Earth Magnet Manufacturers
Sumitomo Corporation Collaboration

Sumitomo Corporation of Americas Announce Strategic Collaboration in Rare Earth Supply Chain

US$27 Million in U.S. Government Funding

U.S. government OTA totaling US$27M, including US$18.4M for  commercial-scale infrastructure in Louisiana.

C$36.3M conditional Canadian support

Up to C$36.3M conditional Canadian support for samarium and gadolinium rare earth processing in Kingston, Ontario.

Government Alignment &
Strategic Funding

Rare earth processing is now a national priority. Ucore is aligned with that mission.

Governments in the United States and Canada are moving quickly to strengthen critical minerals supply chains, reduce dependence on concentrated foreign processing capacity, and support domestic rare earth separation.

Ucore’s strategy is directly aligned with this policy shift. The company has announced U.S. government funding, conditional Canadian government support, DPAS-rated equipment priority, and recognition within broader North American and allied critical minerals initiatives.

U.S. Department of War

US$27M

Ucore has secured US$27 million in total grant funding under its agreement with the U.S. Army Contracting Command-Orlando, including an additional US$4.6 million announced in September 2026 to advance samarium and gadolinium refining.

The expanded program supports samarium and gadolinium process development in Kingston, Ontario, and the deployment of Enhanced Machine A at the planned Louisiana Strategic Metals Complex in Alexandria. This work advances Ucore’s RapidSX™ technology toward commercial rare earth separation for U.S. defense and industrial supply chains.

Canadian Government

C$36.3M

Ucore has announced conditional approval for up to C$36.3 million from the Government of Canada, through Natural Resources Canada and FedDev Ontario, to support Canadian rare earth processing in Kingston, Ontario.

The program is focused on scaling up a commercial processing facility dedicated to the refining of samarium and gadolinium, two rare earth elements important to advanced magnet and defense-related supply chains.

DPAS-Rated Equipment Priority

DPAS DO-B8

Ucore has announced that work connected to the Louisiana SMC has received DPAS-rated status. Under the Defense Priorities and Allocations System, rated orders are given preferential treatment to support national defense and emergency preparedness requirements.

Ucore also announced the arrival of a DPAS-rated long-lead equipment component at the Louisiana SMC, including a 4,000-gallon glass-lined reactor procured under the company’s modified U.S. government funding agreement.